Bank First Corp (BFC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16
Revenues	123.9	113.6	105.7	77.0	74.6	55.6	48.0
Revenue growth	9.1%	7.5%	37.2%	3.3%	34.3%	15.7%
Cost of goods sold	38.6	32.7	32.0	26.8	25.0	19.7	15.9
Gross profit	85.3	80.9	73.7	50.3	49.6	35.9	32.2
Gross margin	68.8%	71.2%	69.7%	65.3%	66.5%	64.6%	66.9%
Sales and marketing	0.3	0.2	0.2	0.3	0.2	0.2	0.2
General and administrative	7.1	6.1	6.4	5.1	4.2	3.4	2.8
EBITA	60.0	59.5	49.8	44.9	45.1	32.3	29.1
EBITA margin	48.4%	52.4%	47.1%	58.3%	60.5%	58.1%	60.6%
Amortization of intangibles	2.3	1.4	1.6	1.1	0.8	0.1	0.0
EBIT	57.7	58.1	48.2	43.8	44.4	32.2	29.1
EBIT margin	46.5%	51.2%	45.6%	56.9%	59.5%	57.9%	60.6%
Pre-tax income	59.6	60.0	49.9	34.3	32.1	24.1	22.6
Income taxes	14.4	14.5	11.8	7.6	6.6	8.8	7.7
Tax rate	24.2%	24.2%	23.7%	22.1%	20.6%	36.6%	34.1%
Net income	45.2	45.4	38.0	26.7	25.5	15.3	14.9
Net margin	36.5%	40.0%	36.0%	34.6%	34.1%	27.6%	31.0%

Diluted EPS	$5.60	$5.95	$5.09	$3.88	$3.81	$2.44	$2.40
Shares outstanding (diluted)	8.1	7.6	7.5	6.9	6.7	6.3	6.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.